Agriculture Fumigants Market Growth Drivers:
Increase in the agriculture production, crop losses in transportation and post-harvest pest attack, high product efficiency, and advances in storage technology are anticipated to fuel the agriculture fumigants market over the forecast period. Moreover, increase in the soil degradation, rise in awareness about the modern agriculture farming practices, and increase in the demand for agriculture commodities are expected to propel the agriculture fumigants market over the forecast period. However, stringent regulatory guidelines for product approvals, complexity in product application process, and high toxicity of the chemicals are the factors are impeding growth of the market.
Fumigants are the chemical substances used in the fumigation to control the pests by filling a complete area to poison or suffocate the pests. Agriculture fumigants are used in the pre-harvest and post-harvest process. In the pre-harvest, fumigants are inserted in the soil to destroy the insects or fungi in crops and grains. In the post-harvest process, agriculture fumigants are used to reduce the damages to harvested crops from insects, termite, and bugs by using toxic gases. Agriculture fumigants are also used for the protection of crop from soil insects, nematodes, moles, rodents, and import or exporting of goods to inhibit the growth of exotic microorganisms.
Global Agriculture fumigants market is segmented on the basis of fumigant type, formulation type, and application
Based on the fumigant type, it is segmented into the following:
- Methyl bromide
- Metam sodium
Based on the formulation type, it is segmented into the following:
Based on the application, it is segmented into the following:
- Transplant bed
Agriculture fumigants market is growing at a significant CAGR owing to innovation of effective fumigants with low cost, and increasing the soil erosion are the factors driving the agriculture fumigants market. Increase in the demand for healthy food products with better yield and growing adoption of newer agriculture practices are anticipated to boost the fumigants market. Moreover, acquisitions and mergers, collaborations, and product launchings are the strategies followed by the companies for increasing their revenue in the fumigants market. For instance, in April 2014, AMVAC Chemical Corporation gain the distribution rights for Basamid G in U.S., which is a granular soil fumigant.
Geographically, agriculture fumigants market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In North America region, agriculture fumigant product approvals by U.S. EPA, and increase in the usage of agriculture fumigants for better quality products are the factors anticipated to upsurge the revenue of North America agriculture fumigants market. Europe Agriculture fumigants market expected to exhibit significant growth in global agriculture fumigants market, which is attributed to diversification of agriculture fumigants product portfolio into Europe by market players, rise in the supply of quality product, and adoption of novel agriculture farming procedures. Moreover, Asia Pacific Agriculture fumigants market is driven by dependency on agriculture farming, change in the farming practices, and reduction of post-harvesting loss are expected propel the Growth Of the market over the forecast period.
Some of the players in fumigants market are Bayer CropScience AG (Germany), BASF SE (Germany), FMC Corporation (U.S.), The Dow Chemical Company (U.S.), E.I. DuPont De Nemours & Company (U.S.), Syngenta AG (Switzerland), ADAMA agricultural solution ltd. (Israel), Arkema Inc. (France), Reddick fumigants (U.S.), Degesch America Inc. (U.S.), Ikeda Kogyo Co. Ltd. (Japan), and AMVAC Chemical Corporation (American Vanguard Corporation) (U.S.) to name a few.
Notable Market Developments: Agriculture Fumigants Market
In July 2016, Arkema has received the United States Environmental Protection Agency approval for Paladin soil fumigant which contains paladin and chloropicrin
Key Features of the Report
- The report provides granular level information about the market size, regional market share and forecast from 2019-2026
- The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
- The report tracks recent innovations, key developments and startup’s details that are working in the industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario